By Jennifer Yousfi Managing Editor It is estimated that India needs to invest $500 billion over the next five years to keep its economy chugging along at its current 9% rate. In fact, India could be generating another couple percentage points worth of growth if the country's roads and ports weren't such a bottleneck and […]
Archives for December 2007
December 2007 - Page 9 of 11 - Money Morning - Only the News You Can Profit From
Global Investing Roundup
Gazprom Falls Short on Earnings; BP and Husky to Jointly Develop Canadian Oil Sands; China Construction Bank To Sell $541 Million in Securities; Leighton Holdings Lands $650 Million Contract to Build in UAE OAO Gazprom (OGZPY) reported Wednesday that profits for the third quarter of 2007 were lower than analysts had predicted. The Russian natural […]
Market Rallies on Strong Productivity and Payroll Optimism
By Jason SimpkinsAssociate Editor Markets soared Wednesday, boosted by positive economic data that still left enough room for a Federal Reserve rate cut next Tuesday. The Labor Department announced that productivity rose at an annual rate of 6.3% in the third quarter, up from 2.2% in the second, and the biggest increase in four years. […]
Global Investing Roundup
Second-half Outlook May Dethrone U.K. Pub Chain Green King. Shares Drop 8.5%; Gemstar-TV Guide Expands Programming into China; TomTom Approves Tele Atlas Takeover; China Eastern Airlines Subject of a Bidding War Greene King Plc (GRKGF), owner of more than 2,200 pubs and taverns in the United Kingdom, credited its first-half 6.7% earnings grow to share […]
How to Profit From "La Nouvelle Alliance" - France and China
By Martin Hutchinson Contributing Editor My Money Morning colleague, Keith Fitzgerald, is a great believer that the best way to play China's explosive growth is to invest in companies that are making money FROM China. Well guess what – not all of those companies are American. French President Nicolas Sarkozy was in Beijing this week, […]
Traditional Media Looks to Cash In On Fast Growing Video Game Industry
By Jennifer Yousfi Managing Editor French media giant Vivendi's (BIT:VIV or PINK:VIVEF) recent deal to buy a major position in U.S.-based Activision, Inc. (NASDAQ:ATVI) has turned the market's eye to other video game tech stocks. Activision's stock rose on 24% Monday after the deal was announced, but other gaming stocks also showed gains as investors […]
South African Miners Strike, Platinum Spikes
Platinum futures spiked to $1,466 an ounce yesterday [Tuesday] as 270,000 South African miners declared a one-day strike protesting the safety record of the country's mining companies. Leaders from the National Union of Mineworkers (NUM) estimated 40,000 members marched in front of the Johannesburg Chamber of Mines, CNN reports. Nearly one miner dies every day […]
Canada Cuts Interest Rates Despite Economic Growth
By Mike Caggeso Associate Editor Canada's 25 basis point rate cut on Tuesday had many investors scratching their heads. After all, the cut goes against conventional thinking for central banks, which often lower rates when a country's economic growth is threatened by weakening currency valuations, housing markets and/or domestic demand – none of which are […]
Chinese Steelmakers Set to Swing Back at BHP Billiton
By Jason Simpkins Associate Editor It's been something of an "open secret" that Chinese interests were considering countermeasures to the proposed takeover bid between BHP Billiton (NYSE:BHP) and Rio Tinto Plc (NYSE: RTP) Now China's largest steelmaker – Baoshan Iron & Steel Company, otherwise known as Baosteel – is ready to make its move with […]
Putin Wins Chavez Loses: A Net Win for Oil Investors
By Martin Hutchinson Contributing Editor Russian president Vladmir Putin's United Russia party won 64% of the vote in Sunday's elections, while Venezuelan president Hugo Chavez lost his constitutional referendum in by a slim 2% margin the same day. That's a split result for the wannabe dictators, but it looks like a net win for investors. […]